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Profile
Management group(s) | Downing LLP |
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AIC sector | VCT Generalist |
ISIN | GB00BWX53D91 |
Launch date | 17 Apr 2007 |
Share type | Ordinary Share |
Structure | Investment Trust |
Base currency | GBP |
Objective
The Company will invest in UK trading companies which own substantial assets such as pubs, health clubs, stock or work-in-progress and also in companies with predictable revenue streams from financially sound customers, ideally with contracts pending or in place. Within three years since the launch, the portfolio of Company consists of Loans to Qualifying Companies (50%) and Ordinary Shares in Qualifying Companies (25%) and Non-Qualifying Investments (25%).
Managed by
Not Disclosed |
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Management & contract fees
Annual management fee is 1.35% of NAV. No performance fee unless shareholders proceeds over GBX100 per Ord and achieve a tax-free compound return of at least 7% p.a., capped to 1.25% of NAV p.a. The agreement may be terminated by either side giving not less than 12 months notice in writing.